Why Federal Intervention is a Bad Idea

January 4, 2018

 

This morning, it was confirmed Attorney General Jeff Sessions is repealing the policy that allowed marijuana to flourish in states without federal intervention.

 

When recreational marijuana became legal in Colorado, everyone thought the world would burn. But it hasn't. Instead, it propelled the fastest growing industry in the country.

 

Here are five reasons Jeff Session's repeal is a bad idea:

 

1. Cannabis is the fastest growing industry.

According to the U.S. Bureau of Labor Statistics and Marijuana Business Daily, the industry is projected to create between 165,000 and 230,000 jobs between 2014 and 2024.

 

2. Youth use is not on the rise.

Despite many fears leading up to legalization in Colorado, youth use has actually stayed the same (and stayed in line with the national average). 62 percent of Colorado middle and high school students still report to have never used marijuana.  

 

3. Decrease in opioid deaths.

States that have legalized marijuana have seen a decrease in opioid deaths. In Colorado, opioid-related deaths decreased more than 6% in the two years after legalization.

 

4. Tax revenue.

Marijuana taxes fund necessary pillars of society like schools and law enforcement. A mature marijuana industry could generate up to $28 billion in tax revenues for federal, state, and local governments, including $7 billion in federal revenue.

 

5. Country-wide support.

64% of Americans support marijuana legalization, and that percentage is on the rise. Gallup has been polling public support for legalized marijuana for nearly a half-century and this is the highest it's ever been.

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